Medserv is an ambitious oilfield support services provider seeking to expand geographically and diversify its markets and product offering. The increasing visibility of this Malta-based company, operating primarily in the Mediterranean, should enable it to close the gap with peer valuations as the scale and diversity of the operations improves financial stability and reduces risk. The acquisition of METS, a provider of OCTG services in the Middle East, is a major step on this path.
10 Jun 2016
Base support services for oil & gas
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Base support services for oil & gas
Medserv is an ambitious oilfield support services provider seeking to expand geographically and diversify its markets and product offering. The increasing visibility of this Malta-based company, operating primarily in the Mediterranean, should enable it to close the gap with peer valuations as the scale and diversity of the operations improves financial stability and reduces risk. The acquisition of METS, a provider of OCTG services in the Middle East, is a major step on this path.